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SIA shares dropped 1.7% after Air India tragedy affects market sentiment. Regional tensions exacerbate market jitters, noted by the STI downturn.

SIA Shares Fall After Air India Crash

Singapore Airlines shares declined 1.7% as the aviation sector faced pressure after an Air India crash. Geopolitical tensions added to market concerns.

Singapore Airlines shares dropped 1.7% post-Air India crash. The tragedy impacted investor sentiments alongside regional geopolitical tensions.

Shares of Singapore Airlines (SIA), which holds 25.1 per cent stake in Air India, dropped on the Singapore Exchange on Friday, a day after the Indian carrier's plane crash in Ahmedabad.
Shares of SIA were down 1.7 per cent, or 12 Singapore cents, to SGD 6.91 as at the midday trading break, after earlier falling up to 2.1 per cent, according to The Straits Times.
At least 265 people were killed when a London-bound Air India plane carrying 242 passengers and crew crashed into a medical college complex shortly after taking off from the Ahmedabad airport.
The Straits Times Index (STI) was down 0.5 per cent as Asian markets fell after Israel carried out airstrikes against targets in Iran, raising fears of fresh conflict in the Middle East and sending oil prices soaring, according to the Singapore daily.
STI is a main index tracking shares prices of Singapore Exchange-listed companies.
On June 12, SIA said it is "offering full support and all necessary assistance to Air India during this time".
"Singapore Airlines extends our deepest condolences to all passengers, crew members and their families affected by Air India Flight AI171. Our thoughts and prayers are with everyone impacted during this difficult time," the broadsheet quoted SIA as saying.
SIA's stake in Air India came about after the Indian flagship carrier merged with Vistara in November 2024. Before the merger, Vistara was jointly owned by Tata Sons and SIA.
SIA's stake in the enlarged Air India allows it to participate directly in the fast-expanding Indian aviation market. SIA and Air India also have a codesharing partnership.

Experts say that sharing meals with others is a great way to reduce stress, improve social connection and boost self-esteem, particularly for kids.

Study suggests sharing meals with others reduces stress; improves social connection and boosts self-esteem

Experts suggests that sharing your meal with others reduces stress and boost self- esteem 

Experts say that sharing meals with others is a great way to reduce stress, improve social connection and boost self-esteem, especially for kids.

&lsquo;Sharing is caring &lsquo;you know right? Even American Heart Association, says that families are less likely to get stressed when they share a meal together.
A poll conducted on 1,000 American adults found that 84 per cent people do wish to eat with their close ones but end up eating alone most of the time due to work or other reasons.
Experts say that sharing meals with others is a great way to reduce stress, improve social connection and boost self-esteem, particularly for kids.
While 54 per cent of the people believe that sharing food with others reminds them to slow down, take a break and boost their social network; 59 per cent believe that they make healthy eating choices while sharing meals with others.
Also watch: <a href="https://www.editorji.com/lifestyle-news/health/sound-bath-know-all-about-it-and-how-it-helps-reduce-stress-1664800575111">Sound Bath: Know all about it and how it helps reduce stress</a>

Shares of&nbsp;Hybe Co., the agency that manages the South Korean pop band&nbsp;BTS, plunged by a record 27 percent after the band&nbsp;said&nbsp;they&rsquo;ll focus on individual projects for a little while.
Hybe&nbsp;headed for its lowest close on record since its trading debut in October 2020. The stock is down nearly 60% so far this year.&nbsp;
Members of the Bangtan Boys group, commonly called BTS, made the announcement in a&nbsp;video&nbsp;posted on YouTube. The singers said the time apart would be healthy for the band and urged fans not to view the development as negative.

BTS 'break' costs billions on the stock market

Shares of Hybe Co., the agency that manages the South Korean pop band BTS, plunged by a record 27 percent after the band said they’ll focus on individual projects for a little while.

Hybe&nbsp;stock is down nearly 60% so far this year.

Shares of&nbsp;Hybe Co., the agency that manages the South Korean pop band&nbsp;BTS, plunged by a record 27 percent after the band&nbsp;said&nbsp;they&rsquo;ll focus on individual projects for a little while.
Hybe&nbsp;headed for its lowest close on record since its trading debut in October 2020. The stock is down nearly 60% so far this year.&nbsp;
Members of the Bangtan Boys group, commonly called BTS, made the announcement in a&nbsp;video&nbsp;posted on YouTube. The singers said the time apart would be healthy for the band and urged fans not to view the development as negative.

Every share matters. Well, that can be the new tagline of the food delivery platform, Zomato. 
After hitting a low of ₹50.35 on May 11, shares of Zomato are now giving sharp upside moves to the investors. In the last 20 days, the counter has not looked back and rallied as much as 60 per cent to Rs 79.80 on Wednesday.
Financial performance 
Zomato’s consolidated net loss for the quarter ended March widened to Rs 360 crore compared to Rs 134.2 crore at the same time last year. Revenue from operations were at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year.
Since the start of the year, the stock was under pressure and declined nearly 65 per cent as fall in global equity markets amid expected tightening by global central banks.

Zomato stock climbs 60% in 20 days; but should you buy?

Hot returns delivered, well not for everyone yet! Zomato has seen a zooming rally over the last 3 weeks, giving investors a taste of green after a bout of red. 

This stock is delivering hot returns, up 60% in 3 weeks

Zomato&nbsp;stock has been rallying from being oversold at Rs 50/share on May 12

Hot returns delivered, well not for everyone yet! Zomato&nbsp;has seen a zooming rally over the last 3 weeks, giving investors a taste of green after a bout of red.&nbsp; The share price of the food tech giant is up 60% in the last 3 weeks and even though&nbsp;that is exciting for recent investors, those who bought into the startup&nbsp;debut are just about making it even with a Rs 76 issue price. If one had to see a silver lining it has recovered sharply from the lows Rs 50/share.&nbsp;
Also read/watch| <a title="RBI June Monetary Policy: Factors at play for Shaktikanta Das" href="https://www.editorji.com/business-news/rbi-june-monetary-policy-factors-at-play-for-shaktikanta-das-1654078209537">RBI June Monetary Policy: Factors at play for Shaktikanta Das</a>
So what is in store? Brokerages just as Morgan Stanley and UBS&nbsp;think that there is an upside to this stock and it's rally. Morgan Stanley with an overweight call has a price target of Rs 135/share and Rs 130/share respectively. What investors must note is that even these aggressive&nbsp;targets fall short of what the stock listed at on the bourses!&nbsp; Zomato&rsquo;s consolidated net loss for the quarter ended March widened to Rs 360 crore compared to Rs 134.2 crore at the same time last year. Revenue from operations were at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year.

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